1. Following is an inventory acquisition schedule for ABC CO for 2020 Unit Units Cost Beg. Inventory 500 $ 13 Purchases: Feb. 4 300 15 Apr. 12 400 Sept. 10 200 15 Dec. 5 100 18 During the year. ABC sold 1150 units at $22 each 16 Compute the cost of goods sold (COGS) and ending inventory under each of the following three methods (assume a periodic inventory system): (a) simple weighted average, D) FIFO, O LIFO, and make the necessary adjusting journal entries